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Change - Announcement Of Cessation :: Announcement Of Cessation Of Independent Director

BackApr 20, 2015
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Announcement of Cessation of Independent Director
Securities UNITED FIBER SYSTEM LIMITED (UNIFIBE)
Date & Time of Broadcast Apr 20, 2015 22:41
Submitted By Lim Ka Bee
Company Secretary
Description Please refer to the information below.
Cessation Details
Name of person Rahul Kumar
Age 45
Is effective date of cessation known? Yes
Effective date for cessation Apr 20, 2015
Detailed reason(s) for cessation Mr Rahul cessation in accordance with the Clause 4.2(b)(v) of the share purchase agreement entered into between the Company and DSS dated 11 July 2013 in relation to the Proposed Acquisition.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of appointment to current position Nov 10, 2009
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 3
Job Title Independent Director, NC Chairman, Member of AC and RC
Role and responsibilities Role and responsibilities of Independent Director, and that of NC Chairman, member of AC and RC.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details Mr Rahul has a deemed interest in 600,000 shares in United Fiber System Limited.
Other directorships
Past (for the last 5 years) Nil
Present ARCS Advisors Pte Ltd., Singapore
Premdhi Farms Pvt Ltd, India
ARCS Advisors Pvt Ltd, India
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